Both GSEs suggest without a government guarantee, even a mild downturn could impact their ability to operate and support affordable housing programs.
Read More »Sabal Financial Group Expands CMBS Business with New Venture
Sabal Financial Group announced the expansion of its commercial mortgage-backed securities (CMBS) business with the launch of Sabal Commercial Advisors.
Read More »CFPB Reports Rise in Service Member Complaints in 2012
A new report from the Consumer Financial Protection Bureau (CFPB) reveals consumer finance complaints filed by service members, veterans, and their families steadily rose throughout 2012. The report, released by CFPB's Office of Servicemember Affairs, shows the number of complaints rising steadily each quarter, closing the year at a total of 3,455. Mortgage complaints were by far the most common out of all categories, with a quarterly average of 52.3 percent of complaints focused on home finance products.
Read More »Pacific Union Financial Adds to Wholesale, Correspondent Lending Divisions
Pacific Union Financial, LLC, announced the addition of two new sales executives to their wholesale and correspondent lending teams.
Read More »Unemployment Rate Down to 7.5% as Payrolls Increase by 165K
The economy added 165,000 jobs in April, and the unemployment rate dropped to 7.5.percent, its lowest level since December 2008, the Bureau of Labor Statistics (BLS) reported Friday. Economists had forecast payrolls would grow by 153,000, and that the unemployment rate would remain at 7.6 percent.
Read More »Pew Study Examines Geographic Impact of Mortgage Interest Deduction
When it comes to the hotly debated mortgage interest tax deduction, Maryland takes the top spot in terms of claim rate.
Read More »Mortgage Rates Approach Record Lows
Rates fell all around in Freddie Mac's Primary Mortgage Market Survey for the week ending May 2.
Read More »Ocwen Breaks Record for Revenue in First Quarter
Ocwen Financial Corporation reported $45.1 million in net income in this year's first quarter, more than double the $19.3 million recorded at the same time last year.
Read More »ALTA Breaks Membership Records
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, announced it has achieved all-time record membership for the fourth consecutive year.
Read More »Texas Market Picks Up Pace in Q1
Texas' real estate market experienced a healthy first quarter, picking up right where 2012 left off, the Texas Association of Realtors revealed in its latest Quarterly Housing Report.
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